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Boeing ties employee incentive plan to company-wide performance
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Boeing ties employee incentive plan to company-wide performance
Mar 7, 2025 2:21 PM

SEATTLE, March 7 (Reuters) - Annual bonuses for more

than 100,000 Boeing ( BA ) employees this year will be tied to

company-wide performance, rather than by business unit, as in

previous years.

Eighty percent of the bonuses are tied to Boeing's ( BA ) financial

performance, with the remaining 20% tied to progress on

improving safety and quality, and program execution, according

to the 2025 proxy statement filed on Friday with the U.S.

Securities and Exchange Commission.

The announced changes come two days after CEO Kelly Ortberg

told employees the company's myriad business units have to work

together as part of a wider cultural shift driven in large part

by employee feedback that he said he expects to be "brutal to

leadership."

Ortberg's total compensation in 2024 was about $18.4

million, including a $1.2 million signing bonus and $525,000 in

salary since he joined the company in August. He also received

$313,000 to relocate to Seattle to be closer to Boeing's ( BA )

commercial airplane production. The rest of his compensation was

in equity grants.

Former CEO Dave Calhoun received $15 million in total

compensation. He left the company in the wake of a mid-air panel

blowout on a nearly new 737 MAX, which revealed widespread

quality problems.

(Reporting by Dan Catchpole;)

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